Reported 27 days ago
Meta, the parent company of Facebook, reported third-quarter earnings that surpassed analysts' forecasts, achieving $6.03 per share on $40.5 billion in revenue. Despite beating estimates, the company's stock fell due to concerns over anticipated capital expenses, projected to reach $38-40 billion for the year, with significant growth expected in 2025. Meta continues to invest heavily in AI advancements, augmented reality projects, and faces multiple legal challenges.
Source: YAHOO